Gold prices rose today in Morocco during trading, Saturday 24 September 2022, coinciding with the start of the weekend in global markets.
The global gold markets witness a weekly holiday, Saturday and Sunday of every week.
Gold price today in Morocco
And the price of a gram of 24-carat gold today in Morocco, during evening trading, scored about 578.71 dirhams ($ 52.91), according to the gold-price-today platform for monitoring gold prices.
The price of a gram of 21 karat gold today in Morocco (the most traded in the market), reached 506.38 dirhams ($ 46.29).
The price of a gram of 18 karat gold also rose today in Morocco, at the level of 434.04 dirhams ($ 39.68).
As for economic gold prices today in Morocco, the price of a gram of 14 karat gold recorded about 337.58 dirhams ($ 30.86).
The price of an ounce and a pound of gold in Morocco
And the price of an ounce of gold today in Morocco, during evening trading, was about 17,998 thousand dirhams (1645 dollars).
While the price of the gold pound today in Morocco (8 grams of 21 karat) reached about 4.051 thousand dirhams ($ 370.36).
Gold prices today globally
Gold prices fell by more than 25 dollars, at the end of trading Friday, the last trading week, to record the lowest level in more than two years, with the rise of the US currency.
The metal prices also recorded weekly losses of 1.7%; The Fed’s move to raise interest rates further affected the attractiveness of non-yielding bullion.
By the end of the session, the price of gold futures contracts – for December delivery – decreased by 1.5%, equivalent to $ 25.50, to record $ 1655.60 an ounce.
And the spot price for the yellow metal fell by 1.6 percent, to $1,644.45 an ounce.
The price of silver futures – for December delivery – decreased by 4%, at $ 18.84 an ounce, and the spot platinum price fell by 4.6%, to record $ 861.64 an ounce, and the spot palladium price fell by 4.8%, at $ 2069.49 an ounce.
Meanwhile, the dollar index, which measures the currency’s performance against 6 major currencies, rose by about 1.5%, to 113.034 points, with the interest rate hike by 75 basis points by the US Central Bank and its strict expectations.